Chun Yu Works (TPE:2012) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Chun Yu Works LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Chun Yu Works's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Chun Yu Works's long-term debt to total assets ratio declined from Mar. 2023 (0.37) to Mar. 2024 (0.25). It may suggest that Chun Yu Works is progressively becoming less dependent on debt to grow their business.

Chun Yu Works LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chun Yu Works's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chun Yu Works LT-Debt-to-Total-Asset Chart

Chun Yu Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.21

0.29

0.37

0.38

Chun Yu Works Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.37	0.38	0.38	0.25

Chun Yu Works LT-Debt-to-Total-Asset Calculation

Chun Yu Works's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4631.991	/	12168.336
	=	0.38

Chun Yu Works's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3111.66	/	12246.563
	=	0.25

Chun Yu Works (TPE:2012) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Chun Yu Works (TPE:2012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chun Yu Works & Co Ltd (TPE:2012) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.100, Tapao street, Kangshan Town, Kaohsiung, TWN, 82063

Website

https://www.chunyu.com.tw

Chun Yu Works & Co Ltd manufactures steel products. The company's product portfolio comprises aerospace fasteners and medical equipment, automotive fasteners, cold drown wire and annealing wire, bolts, nuts, and self-tapping screws, among others. The group's reportable segment consists of the Screw segment; Primarily engaged in the manufacture, process, and trade of screws and nuts. This segment generates the majority of the revenue. Machinery segment is engaged in the manufacture, assembly, and trade of machine tools and chemical machinery. Investment segment engages in the general investment.

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